Buy on the rumours, sell on the news. This excellent chart from Carson Investment Research and Ryan Detrick points to stock market gains while the Fed is hiking. The backdrop is that the economy is performing well, and hence the Fed is tapping the brakes to slow it down. I’ve heard that many market pundits are advising to fade the Fed cut – well, they can wait a while. In the meantime, total focus is on ever-rising rates (2Y > 5%) and the upcoming earnings in October which should set the tone for the market. Meanwhile, hang in there – September has been as treacherous as it promised. Only 7 trading days left …

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Chart from Carson Investment Research H/t Ryan Detrick

Inflection Point Tom Baldacci http://www.inflectionpoint.blog